Motorola Solutions (NYSE:MSI) Price Target Raised to $515.00

Motorola Solutions (NYSE:MSI) had its target price upped by Raymond James from $425.00 to $515.00 in a research note issued to investors on Friday,Benzinga reports. Raymond James currently has an outperform rating on the communications equipment provider’s stock.

Several other research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Evercore ISI upped their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Barclays upped their target price on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a report on Friday. Jefferies Financial Group raised their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Bank of America upped their target price on Motorola Solutions from $440.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $493.43.

Motorola Solutions Stock Down 1.5 %

Shares of MSI stock opened at $496.96 on Friday. Motorola Solutions has a 1 year low of $307.09 and a 1 year high of $507.82. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.03 and a current ratio of 1.20. The business’s fifty day moving average is $454.67 and its 200-day moving average is $409.96. The stock has a market cap of $82.91 billion, a PE ratio of 55.27, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.36. Motorola Solutions had a return on equity of 310.04% and a net margin of 14.65%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. Equities analysts expect that Motorola Solutions will post 12.26 earnings per share for the current fiscal year.

Motorola Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Friday, September 13th. Motorola Solutions’s dividend payout ratio is 42.94%.

Institutional Trading of Motorola Solutions

A number of large investors have recently bought and sold shares of MSI. MFA Wealth Advisors LLC bought a new stake in shares of Motorola Solutions in the 2nd quarter worth about $25,000. Beacon Capital Management LLC boosted its holdings in shares of Motorola Solutions by 71.8% in the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 28 shares in the last quarter. LRI Investments LLC grew its position in Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 61 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Motorola Solutions during the 3rd quarter valued at $31,000. Finally, Planning Capital Management Corp bought a new position in Motorola Solutions in the 3rd quarter valued at $32,000. 84.17% of the stock is currently owned by institutional investors.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.